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Post by falconquest on Nov 9, 2015 6:02:32 GMT -5
I have been thinking about the lack of communication by Mannkind. We don't know where we are headed. In general terms this is unusual. Lately, we have heard bits of information that the SEC is investigating short selling/naked shorting/manipulation of Mannkind stock. Is it plausible that the SEC or other federal organizations are investigating this and told Mannkind to offer no more communication than absolutely necessary? I know this maybe sounds a bit conspiratorial but it's just a feeling I have had lately. There has to be a plausible explanation for the lack of communication and this would also explain why Matt seems not to be concerned about the current situation. I would have preferred to offer more background but have no time before work. I wanted to get this out there before the earnings call. Thoughts?
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Post by afrizzle on Nov 9, 2015 7:56:40 GMT -5
I don't think this is the case, since Matt took the unusual step of suggesting investor not loan their shares. I wouldn't have thought MannKind would take a position on which strategies investors should use, if they were asked to remain mum
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Post by beardawg on Nov 9, 2015 8:04:22 GMT -5
Let's say the SEC found something going on. What would be the benefit for Mannkind? Wouldn't the manipulating company just pay a fine and that's it? Mannkind wouldn't directly benefit. I doubt it would move the share price much.
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Post by spiro on Nov 9, 2015 8:58:12 GMT -5
falconquest,
Spiro doesn't know about the SEC stuff, but either there is something going on in the background or MnKD.s management is the most incompetent, bungling, inept and blundering group in the history of Biotech stocks.
Spiro here, Siberia is getting closer
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Post by kc on Nov 9, 2015 9:38:52 GMT -5
spiro how is Siberia? Do they have a place for Uber drivers there?
If we don't turn this thing around you and I will be on the streets of Siberia in our 1973 pintos driving for Uber
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Post by purge on Nov 9, 2015 10:27:48 GMT -5
I concur with Spiro. There is either something going on and that is why Mannkind is so silent. or Mannkind is silent because they are in over their head and don't know what do from here.
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Post by seanismorris on Nov 9, 2015 10:41:00 GMT -5
I'm going with spiro option # 2
I think the problem is MannKind lacks a CEO, and has an incompetent board. OK, maybe I should stop there otherwise I'll be using "incompetent" too many times in a sentence...
Excuse me while I get out my thesaurus.
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Post by kc on Nov 9, 2015 10:55:25 GMT -5
I'm going with spiro option # 2 I think the problem is MannKind lacks a CEO, and has an incompetent board. OK, maybe I should stop there otherwise I'll be using "incompetent" too many times in a sentence... Excuse me while I get out my thesaurus. If it is option two then we need an activist investor to shake this company up and replace the management team. We have a good product. We need a partner who is going to market it. I do believe that that partner is the current one. But I do think that we need to have more PR from the company . |
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Post by cjc04 on Nov 9, 2015 10:58:13 GMT -5
I agree with the "either - or" too... and unfortunately I've had too much Kool-aid and have always believed some amazing secret would be announced vindicating all of us.... Now I just feel like the most uninformed guy in the room.
I'm starting to think that mgmt's problem is that they believed Afrezza would sell like hot cakes right out of the box and would be the answer to all problems.
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Post by kc on Nov 9, 2015 11:00:34 GMT -5
The label restrictions is our biggest problem , I do hope we can get that fixed in the short term and remove the spirometer requirement.
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Post by kdaddyfresh2000 on Nov 9, 2015 11:02:13 GMT -5
falconquest, Spiro doesn't know about the SEC stuff, but either there is something going on in the background or MnKD.s management is the most incompetent, bungling, inept and blundering group in the history of Biotech stocks. Spiro here, Siberia is getting closer Spiro I see this the same way. I am stuck like many of us, but I refuse to believe that this company is run by total buffoons. I looked at the Board member biographies again to gain some encouragement. Varsity credentials and experience, all of them. Yet there is a small but persistent voice in the back of my head that says, "Maybe they are that bad...?" Therein lies the tension between reason and emotion... Oh well, I'm strapped in either way. |
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Post by seanismorris on Nov 9, 2015 11:04:27 GMT -5
I see dilution in our future... I figure we need ~$200 million with the cash burn.
The only way I see them raising that kind of cash is from Al, and I'd think even his pocket book is getting a bit thin.
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Post by pengiep on Nov 9, 2015 11:06:27 GMT -5
Seriously, you have to ask if MNKD's management is not the most incompetent of all time? The facts are pretty clear by now, aren't they?
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Post by thekindaguyiyam on Nov 9, 2015 11:08:49 GMT -5
The void that exists without information makes any hypothesis a "possibility". MNKD Management has accomplished the things it said it would. FDA approval; partnership to fend attacks with Sanofi. In the silence we know little other than speculation which doesn't mean much. A lot of frustration in the want and driving need to know. Answers possibly coming today.
My Glass is half full. I'd strongly agree with Spiro's first thought that "there is something going on in the backgound" in a sound proof rooms while analysts are trying to listen in but can't and make up the rest. On the bight side. Malomars are cheaper in Siberia because they last longer without additional refrigeration.
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Post by inittowinit on Nov 9, 2015 11:18:29 GMT -5
Matt, in his wheelhouse as CFO, has done all he can to stretch the balance sheet. I appreciate his efforts. Hakan...I'm still looking for leadership abilities that ALL successful companies demonstrate to increase shareholder value. Unfortunately, it's not there.
I'm long and on HOLD. I just can't support the current business model. My shares are not for sale. I would rather write off the loss than walk away. GLTAL and all the PWD that have a better quality of life because of beautiful Afrezza.
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